Apr 13, 2012. /Lesprom Network/. Vaahto Group’s turnover for 1 September 2011 – 29 February 2012 was Euro 26.5 million (compared with Euro 24.9 million for the corresponding period in the previous financial year), with an operating loss of Euro 2.9 million (comparative: operating loss Euro 1.3 million), as the company said in a press release received by Lesprom Network. Turnover increased by 6% from the reference period’s level, but the operating result was weaker than in the comparative period. The Group’s order backlog decreased by six per cent and stood at Euro 21.1 million at the closing of the period under review. Vaahto Group’s profitability is expected to improve in the latter part of the year, but the full-year result is still expected to be negative. The Paper Technology division’s turnover during the period under review was Euro 17.5 million, and the division made an operating loss of Euro 2.1 million. Turnover increased by 0.4% from the reference period’s figure, but the result remained clearly weaker than that of the comparative period, on account of the low profitability of the project business. Vaahto Process Technology division’s turnover during the period under review was Euro 9 million and operating loss Euro 0.8 million. The turnover improved 20% from the reference period’s level, but the operating result decreased slightly. The negative result was caused by weak profitability in the vessel business. Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.